Uplinq, a leading provider of AI-driven bookkeeping and tax solutions for small and medium-sized businesses (SMBs), announced the closing of a $10 million Series A funding round. The round was led by Next Coast Ventures, with participation from AZ-VC, Live Oak Ventures, and existing investors.
“We’re building more than just a platform we’re creating a new, innovative way for small businesses to manage their finances with the simplicity, accuracy, and insight they deserve.”
This infusion of capital will accelerate Uplinq’s growth, enhance its AI capabilities, scale customer acquisition efforts, and strengthen infrastructure to deliver seamless, automated financial management.
A New Era in SMB Financial Automation
Managing financial operations remains a significant challenge for SMBs, often hindered by traditional bookkeeping methods and legacy tax solutions that are time-consuming and error-prone. Uplinq addresses these challenges by leveraging advanced artificial intelligence to automate complex bookkeeping and tax workflows, offering unprecedented accuracy, speed, and scalability.
Uplinq’s platform employs intelligent AI Agents to manage every aspect of bookkeeping from transaction categorization and reconciliation to predictive insights and tax compliance streamlining workflows and reducing manual intervention. This cutting-edge automation not only enhances accuracy and operational efficiency but also empowers SMBs to leverage financial insights in real-time, driving strategic decision-making and business growth.
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One customer stated, “Uplinq turned hours of frustrating bookkeeping tasks into a few clicks. This is a game-changer for a busy business owner.”
Serving the Backbone of the Economy
Uplinq is already supporting nearly 1,000 small and mid-sized businesses across the U.S., spanning industries from ecommerce and healthcare to logistics and hospitality. Customers report up to 80% reductions in manual data entry and significant improvements in tax accuracy and financial forecasting. As Uplinq continues to expand on its 3x growth in 2024, it remains committed to delivering enterprise-grade intelligence to the businesses and operators who power the real economy.
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Building a World-Class Team
As Uplinq enters its next phase of growth, the company is actively expanding its engineering, go-to-market, and customer success teams. With a hybrid HQ in Phoenix and remote talent across the U.S., Uplinq is assembling a mission-driven team passionate about building AI tools that help small business owners thrive. To explore career opportunitieS.
Investor Confidence and Strategic Vision
“Uplinq is transforming the way SMBs approach financial management,” said Thomas Ball, Co-Founder and Managing Partner of Next Coast Ventures. “Their innovative use of AI to automate bookkeeping and tax processes addresses a critical need in the market. We’re excited to support their journey as they scale and redefine industry standards.”
Brad Kotansky from AZ-VC added, “Uplinq’s commitment to empowering small businesses with advanced financial tools aligns perfectly with our investment philosophy. Their technology has the potential to make a significant impact on the SMB ecosystem.”
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Alex Glenn, CEO and Co-Founder of Uplinq, concluded, “We’re building more than just a platform we’re creating a new, innovative way for small businesses to manage their finances with the simplicity, accuracy, and insight they deserve.”
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Source : businesswire
